Inox Wind Limited Max Pain Analysis
What is Max Pain?
Max Pain theory states the underlying gravitates toward the strike where option writers face minimum collective loss at expiry. For INOXWIND, that strike is ₹75. Spot at ₹74.4 is near max pain — the expiry magnetic pull is active.
Max Pain Level
The current max‑pain strike for INOXWIND is ₹75. Max pain represents the strike at which the aggregate loss of option writers (both calls and puts) would be minimized, acting as a magnetic point that often draws the underlying price toward it as expiry approaches.
Spot vs Max Pain Gap
The spot price sits at ₹74.4, roughly 0.8 % below the max‑pain level. This modest negative gap suggests the market is still pulling the price upward, but the distance is narrow enough that a slight upward bias could close the gap quickly.
Shift Signal
There is no shift in the max‑pain level compared with yesterday’s reading. A flat shift indicates that option writers have not adjusted their net positioning dramatically, reinforcing the view that the current strike remains the most attractive loss‑minimisation point for them.
Expiry Context
Max pain is derived from the open‑interest of all outstanding option strikes, and as the contract nears its September 29, 2026 expiry (25 days out), the price often oscillates around this level while market participants hedge or roll positions. Historical patterns show that during the final week, price movements tend to gravitate toward the max‑pain strike, though this tendency is not deterministic and can be overridden by news or market sentiment.
Data Note
The spot is ₹0.6 below the max‑pain strike, with 25 days remaining until expiry.
Data as of 2026-09-04